In the present work, a computational fluid dynamics (CFD) methodology has been applied to study the hydrodynamics of two phase flow in an asymmetric rotating disk contactor (ARDC) and asymmetric rotating impeller column (ARIC). The Euler-Euler model for multiphase flow and mixture k-epsilon model for turbulence have been used. The effect of different drag models on holdup of the dispersed phase has been investigated. The Kumar and Hartland (KH) drag model has been modified to predict the holdup accurately. The results of simulation have been validated with published experimental data. The average error in the prediction of holdup using a modified KH drag model is within +/- 11% of the experimental values. Hydrodynamics of ARDC and ARIC have been compared using simulations at different agitator speeds. The fraction of static holdup in ARDC and ARIC has been quantified. The developed CFD model has been used to predict the residence time distribution (RTD) of the dispersed phase.